£100m green investment funding announced
The Government is to announce £100m funding for green investment, as well as safeguarding and creating new jobs.
The UK Green Investment team has announced contracts to provide initial funding of £100m to fund managers Equitix and SDCL, to encourage both foreign and domestic investment in energy efficiency projects.
Speaking at an energy summit today, Deputy PM Nick Clegg will reveal more about Closed Loop Recycling’s plans to double capacity in a £12m expansion of its Dagenham facility, which will create and safeguard 100 jobs.
Clegg will say: “The UK is the sixth largest market in low carbon goods and environmental services and this Coalition Government is unreservedly committed to helping our low carbon sector thrive. We seek nothing less than a clean, green, low carbon economy.
“There is a global energy revolution underway. And the UK is not going to be left behind. We’re leading from the front. Together we find ourselves at the vanguard of one of the most dynamic, most innovative, most important industries of our time; an industry whose breakthroughs and endeavours will shape our societies for years to come; an industry that will help us build a more stable, more sustainable, more prosperous world.”
Energy secretary Ed Davey, also speaking at the event, is to say: “The UK Government is taking the necessary steps to develop a secure, clean energy mix, and this is opening up massive, long-term investment opportunities.”
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